Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi HIInvestor. BTC probably does have a place in a portfolio. My preference is for physical gold (Britannias) I do not class physical gold as an investment i use it as a deposit acct, using and replacing, but it has worked as both for me. Investing in BTC carries massive risk and if you do make a profit nearly half goes to HMRC the other half goes to hackers and if there is any left you cannot get to it if the lights go out. BTC has made some folks very rich but i prefer to sleep at night. ATB Speedy
Certainly not advice and I did say in my view - just adding to the debate.
Huncher1. We all accept that money goes to money. Ie if the majority which we are seeing invest I crypto it creates opportunity and wealth agreed long term something replaces it but we are here to one make money and secure. So investors are not proud not sentimental and certainly do not take advise from someone they do not know!
Monty. You are spot on, it’s a common misconception that QE is money printing when in reality its creation of bank reserves.
Debt is always ultimately deflationary.
"Money printing- out of control"
No, a lot of QE but its not currency its bank reserves
Theres not a lot of currency thats the problem, probably why "new money" crypto is so popular, its trying to fill a gap
Corporate dept - record high
Money printing- out of control
Government spending- out of control
Inflation 3% my ass try 10%
Housing record high
Crypto currencies record high
Oil high
Shipping of goods- record high
Covid still active
A few reasons why it's worth holding gold
Good points - miners/explorers are cheap and supports buy low/sell high (value)thesis. I to have avoided Bitcoin but it is now clear it is an effective disruptor and by all accounts still in the early adopter perhaps beginnings of early majority phase of the S curve . It has a way to go and whether long term it it proves to be an overhyped dud in the medium term (probably 5 years) cannot be dismissed as an investment opportunity any longer (in my view). I have no idea on its impact on Gold.
The article heading is (Crypto. Hedging strategy) Inflation fears push investors to flee goldfor digital currencies
Buying in at the top is dangerous, Gold & gold miners are the only things currently under valued , every thing else is over valued by a long way .
Doublehun .. do you have a link to the article ?
Hiinvestor .. each to their own, but I would not go near crypto currencies .. they have nothing physical to support them, maybe it’s my age, but to me it’s a bubble that will burst big time and I don’t want to be part of that !
Big article in the financial Times yesterday about bitcoin v gold
I spoke with an investment manager yesterday and the conversation has made me rethink my approach.
Falling in love with and asset or stock should be an anathema to successful traders. It’s critical to be objective, understand cycles and developments/ factors which change the thesis.
Nobody can have any doubt after this weeks crypto action. Bitcoin has broken all time high double top. Like it or not (and I previously have not liked it) crypto is certainly taking money which would previously have gone into gold. This makes assessment on previous charts difficult as crypto becomes increasingly disruptive to previous flows of money.
Unfortunately gold is a analogue commodity in a digital world.
This is now indisputable, we gold bugs must acknowledge reality rather than living in denial convincing ourselves that the only safe haven inflation hedge is precious metals. Today it is not and as much as we know crypto has no intrinsic value the market is screaming we don’t care.
I am starting to rebalance my portfolio diluting exposure to gold. Not fully divesting, I am long gold miners/juniors explorers but can no longer sit on the sidelines watching crypto breakout, burying my head in belief one day gold will come good. If money is not flooding into gold now, I don’t know what the catalyst will be for this to change. Also
I have 5% in physical gold, 70% gold stocks going to lower my exposure to 5% physical and 15% gold stocks. Keeping some exposure in GGP and 2 Md tier Australia producers, sold all other AIM juniors.
No advice just adjusting to new market dynamics, crypto is here to stay and explains why gold has struggled to break out.
The advisor said I’ve made the mistake of falling in love with an asset and stock, let my heart rule my head.
The times they are a changing, it’s time to start making profit.
It moved with the dollar
Usually these short sharp moves happen on something like a Fed meeting, not sure if there was any such event or news yesterday?
Only thing I can find with a quick search is a meeting between Biden and Xi, id assume moves were related to that
When thinking about gold please look at the correlation to 10 year inflation treasuries since 2008 - https://imgur.com/DFzLjJr.jpg (Ive flipped gold vertically to better show how in-sync they are)
^ I dont hear enough people talk about this, probably because it shows gold likes deflation not inflation
Thats because deflation is economic troubles, fear = safe assets, treasuries (why yields are low) and gold
Nice reading Speedy.
Hi All. What you witnessed yesterday in the gold market is a good example of what is happening here. Manipulating the price up and down to take profits.
Legend, Pierre Lassonde yesterday quoted "buy gold until it hurts" and "a gold/CU mine with a long life will be a money printing machine" and " negative real interest rates are here for the foreseeable future". He obviously must be reading my posts. ATB Speedy